Thu, 17 Jul 2014 16:37:10 GMT
Japan's outlook improves due to increased consumer spending
Japan's government raised the economy's growth projections as the negative effects of the sales tax on consumer spending are coming to naught. With personal consumption accounting for 60% of the economy the tight labor market and improving consumer sentiment were seen as good news. Further growth in the economy is expected, but a contraction in Q2 is unlikely to be